Benzai Capital Provides Update of Qualifying Transaction

BENZAI CAPITAL CORP

2110–1177 West Hastings Street Vancouver BC V6E 2K3 Phone: (604) 669-6634 Fax: (604) 909-4682

November 30, 2012 BNZ.H: TSX Venture Exchange

NEWS RELEASE BENZAI CAPITAL PROVIDES UPDATE OF QUALIFYING TRANSACTION

VANCOUVER, BC: Benzai Capital Corp (“Benzai” or the “Company”), a capital pool company, is pleased to provide an update on the status of its proposed acquisition of Redline Minerals Inc. (“Redline”).

As previously announced on July 25, 2012, Benzai and Redline have signed a Share Purchase Agreement (the “Agreement”) whereby Benzai will acquire all of the issued and outstanding shares of Redline (currently 10,896,974 shares) in consideration of the Company issuing an equivalent number of its post-consolidated common shares at a deemed price of CDN $0.05 per share.

The Agreement is subject to several conditions precedent, including:

(1) on closing, the resignation of two directors of the Company and the appointment of Barney G. Lee-Portillo and Raymond P. Strafehl to the Company’s board of directors;

(2) the consolidation of the Company’s current issued and outstanding common shares on the basis of two pre-consolidated shares for every one post-consolidation share;

(3) the Company’s completion of a private placement to raise sufficient funds to complete an initial phase of work on Redline’s mineral properties, for general working capital purposes, and to meet Exchange listing requirements; and

(4) the passage of a Majority of the Minority resolution by the shareholders of the Company approving the acquisition, and the passage of special resolutions by the shareholders of the Company approving a 2:1 consolidation and a name change.

The transaction will constitute the Company’s qualifying transaction (“Transaction”) as defined under Policy 2.4 of the TSX Venture Exchange (the “Exchange”).

The Exchange has conditionally accepted the Transaction subject to Benzai fulfilling all of the requirements of the Exchange on or before February 5, 2013.

Benzai has filed with the Exchange a NI 43-101 Technical Report for the Redline mineral properties (the “Technical Report”), prepared by Stewart A. Jackson on behalf of Benzai, and the Exchange has accepted the Technical Report for filing. The Technical Report is available on SEDAR at www.sedar.com.

Benzai has filed a Management Information Circular which further describes the Transaction (the “Information Circular”) with the Exchange, and the Exchange has approved the Information Circular for filing. The Information Circular is available on SEDAR at www.sedar.com.

Benzai has set January 9, 2013 as the date for the annual and special meeting of the shareholders of the Company. A Notice of Meeting and Record Dates is available on SEDAR at www.sedar.com.

Trading of the Company’s common shares resumed on November 28, 2012.

BENZAI CAPITAL CORP.

“Len Guenther”

Director

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Certain statements included in this press release may constitute forward-looking information or forward- looking statements (collectively, “forward-looking statements”). All statements contained herein that are not clearly historical in nature are forward-looking, and the words “will”, “conditional” and similar expressions are generally intended to identify forward-looking statements. These statements are only predictions. Actual events or results may differ materially. In particular, there is no assurance that: (i) all conditions precedent to closing of the Transaction will be satisfied or waived; (ii) the Transaction will be completed on the terms as outlined above, or at all; and (ii) the private placement will be completed on the terms outlined above. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.